DRC Moves Toward Launching First Stock Exchange to Expand Access to Capital
DR Congo Plans First Stock Exchange as Mining Growth and Critical Mineral Demand Attract Investors
The Democratic Republic of Congo (DRC) is preparing to launch its first stock exchange as the government seeks to develop domestic capital markets, attract investment and provide businesses with new sources of financing.
Finance Minister Doudou Fwamba Likunde Li-Botayi said the planned exchange is expected to begin operations next year and will initially support trading in both the Congolese franc and the US dollar, reflecting the country’s highly dollarised economy.
The government is working with the International Finance Corporation (IFC) to establish the regulatory and institutional framework needed to develop the capital market.
Li-Botayi said the dual-currency approach is designed to reflect current market conditions while supporting the long-term development of the local currency.
“More than 95% of banking system deposits and a large share of public securities are held in dollars,” he said, adding that the exchange must be designed around the realities of the economy.
Mining Sector Expected to Drive Listings
Mining companies are expected to be among the first potential candidates for listings, given the DRC’s position as a major producer of critical minerals, including copper and cobalt.
The country is Africa’s largest copper producer and one of the world’s leading sources of cobalt, resources that have attracted growing international attention due to demand from industries such as electric vehicles, renewable energy and artificial intelligence infrastructure.
The government also plans to work with companies across different sectors to develop a pipeline of potential initial public offerings and expand participation in the capital market.
Building a Stronger Investment Environment
Officials believe the stock exchange could help increase access to funding for businesses, encourage investment and strengthen financial market development in the DRC.
The planned exchange follows similar efforts by other African countries to expand equity markets, including recent developments in Ethiopia and Somalia.
As demand for critical minerals continues to rise and investors seek new opportunities across emerging markets, the DRC is positioning financial market development as part of a broader strategy to attract capital and support economic growth.
